In a dynamic economy where prices are constantly changing, finding an excellent investment opportunity is quite challenging.
Diamonds are becoming a good option for the investors in this era, given that they promise good returns and they can be purchased in one currency and sold in another. Plus, they are tangible and can be stored easily, making them a very convenient investment.
Reason for Investment
The reason investors are putting their interest in diamond investment is due to its scarcity that pushes up its market price. Since the stores of the colored diamonds are declining, and various mines being closed, the prices of colored diamonds are hiking up, especially the ones with a little bit of history. Hence, investing in color diamonds is the best opportunity one can ask for.
To know about which colored diamond to invest in, let’s take a look at the auction prices of some of the rarer diamonds.
Auction prices of Colored diamonds
According to the Fancy Color Research Foundation (FCRF), the most appreciated colored diamond was a pink diamond. The pink diamond star was sold at the rate of $71.2 million while the overall appreciation of it was a whopping 362.2 percent. However, for the blue diamond, the auction price was $57.5 million, and the appreciation was 212.5 percent. After these two colored diamonds, there comes the yellow diamond with the appreciation rate of 41.5 percent.
Clearly, as these stats point out, investing in naturally colored diamonds that are rare is an excellent opportunity to make some easy money.
High Durability and Value
Some of the other reasons that make diamonds a good investment is a high durability and safe long term returns.
Colored diamonds are rare diamonds, and some fancy vivid diamonds are so limited that most of the people would never actually see them in their pure form. They are a private asset that require no taxation and hence can be easily stored and used for the long term, without any depreciation. What can be better than that? Also, color diamonds retain value as it’s their rarity as well as quality that mainly determines their prices.
So, what are you waiting for? Invest in color diamonds today.
